US jobless claims came in higher than expected: 242 k vs 225 k expected and 229 k previously
- Continued jobless claims came in 1820 k vs 1795 k exp. and 1792 k previously
Final PPI YoY came in 2.2% vs 2.5% exp. and 2.2% previously
- Final PPI MoM came in -0.2% vs 0.1% exp. and 0.5% previously
Final PPI ex food and energy YoY came in: 2.3% vs 2.5% exp. and 2.4% previously
- Final PPI ex food and energy MoM came in: 0% vs 0.3% exp. and 0.5% previously)
US dollar loses after today macro reading. Wall Street sees today US data as a chance for faster Fed rate cuts. US producer prices surprisingly dropped -0.2% MoM vs 0.5% previously and jobless claims came in one step closer to 250k.
Source: US Bureau of Labor Statistics (BLS), XTB Research
USDIDX (M15 interval)
Source: xStation5
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